the thiol -- >> and we'll keep a couple on -- more today, but it's going to be down sharply even autodesk also after earnings, we're seeing a similar response >> so this trend is continues right now. >> yeah. look, there's no doubt it's a choppy environment, you know, and the close stocks, to be fair, they have been down since that date in august, i mentioned, where yields were at their low. so that's where the attrition has happened as we talk about the r-complex, right? that's kip of the way it's gone. it's been a huge paypack period for a strong period of performance. cathie wood was on squawk earlier, talked about crypto, talk about the impact of zoom on legacy telecom, but also her over-averaging call on deflation. take a listen. >> we think inflation, we're moving into a deflationary environment. this inflation call is a very important call, and we've been watching inventories, and i think this is the beginning of the cyclical correction that we will see in inventory and commodities. we're seeing iron ore more than 50%. but many people are still focused on oil which, because of the

autodesk certainly one that jumps out. one going the other direction is hewlett-packard, and it is up in double digit today. evidently seeing a willingness to pile into some names. boy, does it need a break. it has a couple of tough sessions with big names suffering. meanwhile, moving beyond equities here we are watching the mexican peso weakening today. you see here, the dollar strengthening against the peso. this is after the country's president picked a finance minister very little monetary policy experience to lead the country's central bank. inflation in that country hitting a 20-year high. as we get the news that victoria rodriguez would be the first woman to lead that central bank, this is causing some consternation this fight against inflation is seen as pretty critical, not just obviously for mexico, for the u.s. and canada as well. taylor: when we are looking at some of the latin american countries, to their credit a lot of the countries have really been the first to move as they are tackling inflation. he rightl

low expectations baked in it would seem there autodesk is 45 tichls next year's earnings.forward guidance and the stock is punished. >> weiss, what is your view on this after hours >> well, for nordstrom it says that it is not about getting the merchandise but the right merchandise and apparently made a mistake in what they thought the buying trends would be and while they miss with others blow it out in the department stores, it's start of troubling. the company doesn't seem to get it right for a period of time so that's one i would not own period >> lall right. thank you. >>> coming up, just getting started on the second hour of "closing bell. we'll talk to a top technical analyst. ceo of hyatt hotels weighing in. impacting the company's bottom line we'll find out how back in two. hey lily, i need a new wireless plan for my business, but all my employees need something different. oh, we can help with that. okay, imagine this. your mover, rob, he's on the scene and needs a plan with a mobile hotspot. we cut to downtown, your sales rep lisa has to send some files, like asa

autodesk feeling the pain, big declines as the sulfur company narrowed its full-year outlook.s is bloomberg. ♪ caroline: tech titan jack dorsey started giving away billions of dollars to charity in an unconventional way. he wants to bring transparency to the process and avoid bureaucratic deadweight. some hollywood charities connected to the most important people on the planet. all i care about is jay-z, i'm fully upfront about that across my twitter. are these the sort of celebrities he is working in partnership with, not only in companies that bring money but also philanthropic endeavors? >> the title was acquired by square and jay-z was on the board. that comes after jack dorsey gave jay-z money to his foundation. so there's a lot of overlap here. we know that jack was spotted on a yacht, so there is a social element there. there is a lot of crossover in this. caroline: the transparency is kind of what hurts here. here's a man who, many of us give money to charity because we form a relationship with the charity from a personal perspective, because it helps a family member w

i want to talk about autodesk, down 15%. this is the $55 billion company we never talk about, but i kind of feel we should. they make software for engineering companies, for builders in the early stages of big construction projects. look at that precipitous fall on its earnings. it has narrowed its forecast for this fiscal year, fighting supply chain constraints. you're in the early stages of planning. they are saying our customers are suffering in these industries that are suffering because of supply chain crunches. crunches. we are suffering as a result. giving some very conservative guidance. caroline, retailers -- we are on the cusp of black friday, this busy period of november where there is so much retail activity. the biggest drops on record for nordstrom and gap. they just can't manage the supply chain. they are not able to get inventory. it's a missed opportunity. the sales on amazon pretty much flat. adobe, in the month of november so far, out of stock messages are up 227% year on year versus january of 2020 and, a

a similar deal for autodesk, very different company, down 17%. a software company. was lackluster. supply chain issues are coming into play because it is a software company. as for the biggest point drag, salesforce.com and pepsico both down. as for the leaders on the day, we were talking about john deere earlier. hp q up 9%, the best day going back to march of 2020. apparently pc demand remain strong it is expected to stay strong. john deere up 6.2%. even though there are supply chain constraints and labor costs, we have strong farm demand helping out. nvidia and tesla are higher, not for any known reason but big floyd boost. we have the s&p -- but for big point boost. guy: who will be around to trade at 4:00 p.m. i suspect the robots will be in charge at that point. let's talk about what is coming next. we have the fed minutes a little bit later on today. tomorrow is thanksgiving in the united states. equity and bond markets are closed. for us, it is just a thursday. eu competitive council meeting in brussels. the reichstag also out with a rate decision. we will h

you are seeing that show up in autodesk, narrowing their full-year forecast, and they are getting a targets across wall street. so consumer spending might not be an issue, but business investment, that is where there might be a spot to worry. tom: greatly appreciate that this morning. there is any number of reasons why there's been weaker euro in the last 24 hours. we are on the watch for a 1.11 handle. the year has been from a one dollar 23's and zero on down to one dollar and -- $1.23 euro. eric nelson is was currencies at wells fargo, and we are thrilled he could brief us this morning. the summary of your call is stronger dollar. what will that mean for europe? erik: the reality is europe wants a stronger dollar and a weaker euro. we think about the get rights policy. we often hear from ecb policy makers when you are was up concern about the strong euro. we know this is an export dependent economy, and we know they went a weaker euro to help those favorable financing conditions and favorable financing conditions they always talk about. tom: does a strong dollar in any way derail the u.s.

today, gap, dell, autodesk, hpq and nordstrom and tomorrow pce and dhams.usy day let's get to the judge and the half. >> we are inside the techtrade as one group surges and another sinks. what does all of that mean for your money in the final stretch of the year. we debate that with the investment committee and joining me for the hour is stephanie link, josh brown, pete najarian and co-founder of market rebellion.com. the nasdaq hasn't had back-to-back 1+% decline since march. that's how long it's been and that's what we're working on right now because the nasdaq is under serious pressure again, down 178 a loss of 1.1% the dow is still green the s&p is negative and since jay powell was

today, gap, dell, autodesk, hpq and nordstrom and tomorrow pce and dhams. busy day let's get to the judge and the half. >> we are inside the techtrade as one group surges and another sinks. what does all of that mean for your money in the final stretch of the year. we debate that with the investment committee and joining me for the hour is stephanie link, josh brown, pete najarian and co-founder of market rebellion.com. the nasdaq hasn't had back-to-back 1+% decline since march. that's how long it's been and that's what we're working on right now because the nasdaq is under serious pressure again, down 178 a loss of 1.1% the dow is still green the s&p is negative and since jay powell was re-nominated for the fed chair. the yield is 166 josh, i'm wondering how you're thinking now about the nasdaq. look, i've got stocks like you own crowd strike, from 199 to two weeks. how concerned should we be >> you have the indexes right here, all-time highs, but that's almost all thanks to the mega-cap tech communications and consumer discretionary names below the surfac

let's begin with autodesk which i believe is a software company, right?iday quarter is down, that stock is down $50 today at 253 best buy. this is big story, it got killed double digits. it is down 2 1/2%. if you look at the week down 14%. they were hit by high promotions and discounting, people returning items, shortages and theft. what the ceo said on the call, they have to hire security guards, lock up certain devices, just so people don't come in and steal. that is expensive for them, hurting reputation and bottom line. take a look at this broad away of retailers that are leading the s&p 500 lower. you can see on here tapestry, the parent of coach. pvh, own tommy hilfiger, calvin klein, they are down in sympathy from nordstrom and gap when they announced earnings. a lot of companies source in asia. it is difficult and expensive to get inventory they need for holiday shoppers, quite frankly for shoppers for 2022, ashley. ashley: yeah. that is a big issue of course. this is an interesting story, lauren. apple is suing a company that is known for hacking